Year: 2020

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McDonald's internal investigation extends beyond ousted CEO

August 26, 2020 admin Comments Off on McDonald's internal investigation extends beyond ousted CEO

An internal investigation by McDonald’s of potential misconduct has extended beyond its former CEO who was forced out late last year. McDonald’s board of directors has hired an outside law firm as part of a probe into its human resources department to determine if Steve Easterbrook, who exited abruptly in November, covered up misconduct for others in that department. On Wednesday, however, The Wall Street Journal reported that McDonald’s conducted an internal investigation in 2018 after employees complained about inappropriate physical contact between the company’s top HR executive, David Fairhurst, and a subordinate at a holiday party. …read more […]

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Fed Seen Holding Rates at Zero for Five Years in New Policy

August 26, 2020 admin Comments Off on Fed Seen Holding Rates at Zero for Five Years in New Policy

(Bloomberg) — The Federal Reserve looks likely to keep short-term interest rates near zero for five years or possibly more after it adopts a new strategy for carrying out monetary policy.The new approach, which could be unveiled as soon as next month, is likely to result in policy makers taking a more relaxed view toward inflation, even to the point of welcoming a modest, temporary rise above their 2% target to make up for past shortfalls.Fed Chairman Jerome Powell is slated to provide an update on the Fed’s 1-1/2-year-old framework review of its policies and practices when he speaks on …read more […]

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China Makes Concessions in Call for Talks on U.S. Audit Standoff

August 26, 2020 admin Comments Off on China Makes Concessions in Call for Talks on U.S. Audit Standoff

(Bloomberg) — China says it has made concessions in proposing to let U.S. regulators to audit some of its most sensitive companies and is calling for direct talks to solve a years-long dispute that threatens global markets.In an interview in Beijing on Wednesday, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said China is “sincere” in wanting to solve the standoff over the accounting issues.U.S. officials have recently stepped up a push to gain access to audit working papers for Chinese companies that trade in the U.S., threatening rules that would trigger delisting shares such as those of …read more […]

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In Just 30 Years, He Turned Every $1,000 Into $237,000

August 26, 2020 admin Comments Off on In Just 30 Years, He Turned Every $1,000 Into $237,000

The race is on.
I made a big announcement yesterday. We’re hosting the Super Trader Rally on September 2.
It’s the culmination of our mission to lead folks to wealth through simple, common-sense research.
We’ve got the system we think can do it. We plan to tell you all about it – and how we discovered it – at the big event.
The system performed beautifully during our three phases of testing.
In all, we issued 15 long recommendations and 14 of them were winners – an amazing 93% win rate. Better yet, we saw average peak gains of 138%… in just 26 days.
Now you …read more […]

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How a Vegas-Beating Formula Changed Wall Street Forever

August 26, 2020 admin Comments Off on How a Vegas-Beating Formula Changed Wall Street Forever

We have a moral issue with gambling. After all, one of our core beliefs is that wealth leads to Liberty. Therefore gambling leads to slavery.
It’s a dangerous game.
We don’t partake.
Even so, we’re fascinated by the numbers behind it all. They’ve certainly guided our investment philosophy and made us a winning trader.
In fact, we’ve learned a lot from Edward Thorp – the math genius and professional gambler who turned the odds on Vegas and then revolutionized Wall Street.
He’s our kind of man – a thinker.
Even though he spent years in the blackjack game, Thorp would argue he’s not a gambler. He’s …read more […]

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Royal Bank of Canada Reports Third Quarter 2020 Results

August 26, 2020 admin Comments Off on Royal Bank of Canada Reports Third Quarter 2020 Results

All amounts are in Canadian dollars and are based on financial statements prepared in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted. Our Q3 2020 Report to Shareholders and Supplementary Financial Information are available at: http://www. …read more […]